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Best Slot Machine At Twin Rivers – Twin River Parent Says IGT Slots ‘Are the Worst’, Further Criticizes $1 Billion Rhode Island Lottery Contract

Twin River Worldwide Holdings Inc, the parent company of Twin River and Tiverton, Rhode Island, is ramping up its antagonism to IGT and its $1 billion lottery contract with the state.

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Rhode Island Gov. Gina Raimondo (D) has sponsored legislation submitted to the General Assembly that would extend IGT’s exclusive rights to operate the state lottery for another 20 years through 2043. Senate Bill 1031 would also allow the UK-based manufacturer and service provider to control up to 85 percent of video lottery terminals (VLTs) — aka slot machines — at two state-owned trading companies owned by Twin River.

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The new radio spot says: “Raimondo wants almost all slot machines to be in s and they are the worst on the floor. It will cost the state millions.” The Providence Journal reported on the audio dialogue.

State law currently allows IGT to account for up to 50 percent of slot machines in Twin River and Tiverton. Together, the two have more than 5,100 terminals.

Along with its two Rhode Islands affiliates, Twin River owns the Hard Rock in Biloxi, Mississippi, Dover Downs in Delaware, and Arapahoe Park Racetrack in Colorado.

Twin River denounced the 20-year lottery and slots contract that Raimondo proposed for IGT. The operator is not alone in the manufacturing business, but says he would partner with such a company to offer the state a better deal.

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Twin River’s marketing campaign directs listeners to StopNoBidDeal.com, a website that seeks to explain why competitive bidding should take place. He also curses IGT technology.

IGT machines are not competitive. Compared to machines from two other state-owned VLT vendors, they underperform. More than 1,800 of their machines are more than a decade old. Their competition, Scientific Games, invested significantly more,” thinks Twin River.

IGT naturally disagrees. The company says it will install new machines in Rhode Island and agree to a $150 million capital investment with a mandate for a 20-year contract extension and retain 1,100 jobs in the state.

IGT funded a study on the economic benefits that its operation of the Rhode Island Lottery and slot machines provides to the state. Bryant University economics professor Edi Tebaldi conducted the review and concluded that IGT will generate $329.5 million in economic activity in the state this year.

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“IGT supports 2,445 jobs (direct, indirect and induced), generates $176.1 million in labor income and generates $329.5 million in value to the Rhode Island economy annually,” said Tebaldi. He adds that tax revenues for the state and municipalities reach almost 26 million dollars annually.

Billionaire Rhode Island businessman and philanthropist Alan Hassenfeld — the former chairman and CEO of his family’s Pawtucket-based Hasbro — is offering to pay for an independent review of IGT’s contract extension.

“I have no skin in the game with IGT or Twin River,” Hassenfeld told the paper. “If you want to do something like this without really having outside professionals come in, I don’t care who pays for the consultants — if you want me to pay for the consultants — I’d really beg the governor and the speaker and the senate to sit down. and jointly invite several consultants for analysis.’

Meanwhile, the Rhode Island GOP has asked the state ethics commission to open an investigation into the IGT-Raimondo deal.

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Rhode Island Lottery to Yank 360 Lagging IGT Slots by Twin River with Ocean State Spat intensifies Rhode Island Lottery to Yank 360 Lagging IGT Slots by Twin River with Ocean State Spat intensifies

The Rhode Island Lottery Commission plans to recall 360 slot machines and video game devices manufactured by International Game Technology Plc (IGT) from two state businesses operated by Twin River Worldwide Holdings, Inc. (TRWH), due to alleged poor performance.

Twin River kind of gets their wish, as the Rhode Island Lottery draws 360 IGT machines from there. (Image: Providence Journal)

The news is the latest in a months-long dispute between Twin River and IGT that stretches back to the Rhode Island governor’s office.

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Lottery director Gerald Aubin told the Legislative Oversight Committee on Monday that IGT slots do not meet the minimum requirements in the company’s contract, The Associated Press reported. “Department of Revenue spokesman Paul Grimaldi said lottery officials notified the IGT of the removal on Tuesday.”

Last month, TRWH launched a public relations campaign aimed at derailing a 20-year, $1 billion contract that Rhode Island Gov. Gina Raimondo was trying to award to IGT. The operator of Twin River and Tiverton s said the governor failed to submit a contract to bid, making it anti-competitive and that the pact allowed IGT to maintain illegal dominance of the Ocean State’s slot machine market.

TRWH has consistently argued that Rhode Island law allows a single manufacturer to control up to half of the machines in the state’s gaming facilities. However, the company claims that IGT’s market share is well over 50 percent.

The latest figures from the Rhode Island Lottery Commission indicate that IGTs account for 84 percent of the nearly 5,200 slot machines and video game terminals in the state.

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News of the state removing some IGT machines could be seen as a victory for Twin River, as the operator has consistently argued throughout its public relations offensive that the machine maker’s facilities are unattractive to gamblers, producing lower returns and less tax revenue for the state.

Local media reports indicate that IGT will work with the state to remove the 360 ​​facilities from Twin River and Tiverton. However, it is not immediately clear whether the lottery commission will quickly replace these machines with products made by IGT’s competitors.

At a time of increasing competition in the New England gaming market, TRWH is looking for ways to keep players loyal to its Rhode Island properties and believes it would be at a disadvantage with an outdated slot lineup.

Gov. Raimondo, a Democrat, has drawn ire on both sides of the aisle. Rhode Island House Speaker Nicholas Mattiello, also a Democrat, is concerned about the governor’s dealings with IGT and has openly questioned whether Raimondo’s proposed deal with the company would stand up to legislative scrutiny.

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Last month, the state Republican Party filed an ethics complaint against Raimondo, and last week it was revealed that the ethics commission would investigate the allegations in that filing.

Twin River Parent Says IGT Slots ‘Are the Worst’, Further Criticizes $1 Billion Rhode Island Lottery Contract

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